$NUGL should see a strong rest of the year, imo, likely hitting .01.
Share Structure as of 4-27-26
Market Cap ~ $1,999,556
Authorized Shares ~ 1,000,000,000
Outstanding Shares ~ 999,778,131
Restricted ~ 745,090,106
Unrestricted ~ 254,688,025
Held at DTC ~ 236,482,797
NUGL, Inc. Reports Strong Q1 2026 Results with Revenue Growth, Positive Operating Income and Continued Delivery Expansion in Jamaica Revenue increased 13.4% year-over-year to US$851,939; gross profit increased 9.1%; Company reports positive operating income and increased cash position as Kaya Group continues to strengthen KINGSTON, Jamaica and LOS ANGELES, May 15, 2026 (GLOBE NEWSWIRE) -- NUGL, Inc. (OTC: NUGL) ("NUGL" or the "Company"), operator of the KAYA cannabis brand in Jamaica, today reported financial results for the first quarter ended March 31, 2026, highlighting continued revenue growth, positive operating income, increased cash on hand, and ongoing advancement of the Company's vertically integrated cannabis and lifestyle operations.
For the three months ended March 31, 2026, the Company generated revenue of US$851,939, representing an increase of 13.4% compared to revenue of US$751,048 for the same period in 2025. Gross profit increased 9.1% to US$461,218, compared to US$422,724 in Q1 2025.
The Company reported positive operating income of US$23,136 for Q1 2026, compared to US$21,268 during the prior-year period, reflecting continued operational discipline, increased cultivation capacity, stronger customer traffic, and improved performance across retail and hospitality operations.
Cash on hand increased to US$136,522 as of March 31, 2026, compared to US$121,554 as of December 31, 2025.
"These first quarter results reflect continued operational improvement across the business, including expanded gross profit, increased cultivation capacity, and growing customer traffic across our retail network. We remain focused on disciplined growth, operational efficiency, and strengthening the Company's balance sheet as we continue building long-term shareholder value."
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